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Looking for a reverse mortgage specialist in Wayzata? Review the directory below to compare your options.
12 agents listed
Updated May 2026
Wayzata, MN
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Minnesota before hiring.
Showing 12 reverse mortgage specialists in Wayzata, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Northport Funding
319 Barry Ave S Suite 305, Wayzata, MN 55391
6124465400
All Season Mortgage
700 Twelve Oaks Center Dr Suite 700-231, Wayzata, MN 55391
9528482429
Envision Capital
315 Lake St E #101, Wayzata, MN 55391
9524739988
Scott Ericksen at Rate (NMLS #366572)
305 Minnetonka Ave S Suite 201, Wayzata, MN 55391
6514913241
Tyler Anderson at Guaranteed Rate Affinity (NMLS #29594)
235 Lake St E Ste 100, Wayzata, MN 55391
7635507507
Troy Klein - Mortgage Loan Officer
315 Lake St E #101, Wayzata, MN 55391
6123274801
Steve Ruprecht at Rate (NMLS #389036)
305 Minnetonka Ave S Suite 201, Wayzata, MN 55391
6127995502
Bryan Wernimont at Rate (NMLS #452836)
305 Minnetonka Ave S Suite 201, Wayzata, MN 55391
6127025319
Supreme Lending Donnie Robin
15550 Wayzata Blvd STE 200, Wayzata, MN 55391
9524497144
Pam Dahm at Rate (NMLS #400741)
305 Minnetonka Ave S Suite 201, Wayzata, MN 55391
9524666446
Rate
305 Minnetonka Ave S Suite 201, Wayzata, MN 55391
9524666446
Tradition Mortgage
100 Lake St W, Wayzata, MN 55391
9525677663
A reverse mortgage specialist in Wayzata Minnesota helps homeowners aged 62 and older access home equity without monthly payments. Minnesota law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Local specialists can guide you through the process and explain how property taxes and insurance obligations still apply.
What Does a Reverse Mortgage Specialist in Wayzata Cost?
In Minnesota reverse mortgage costs include an origination fee capped at 6000 or 2 percent of the first 200000 of home value plus 1 percent of value over 200000. You also pay a mortgage insurance premium of 2 percent of the appraised value upfront plus 0.5 percent annually. Appraisal title and recording fees add 500 to 1500. These costs are typically financed into the loan balance. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a reverse mortgage specialist in Wayzata do?
A specialist explains loan terms eligibility and costs for a Home Equity Conversion Mortgage. They help you compare options and coordinate with HUD-approved counselors. They do not provide financial advice or recommend specific lenders.
Are there Minnesota specific rules for reverse mortgages?
Yes Minnesota requires mandatory HUD counseling before you can apply for a reverse mortgage. The state also limits origination fees and requires lenders to disclose total annual loan costs. These rules help protect senior homeowners.
How much does a reverse mortgage cost in Wayzata Minnesota?
Costs include an origination fee up to 2 percent of the home value a mortgage insurance premium and closing costs. Typical total fees range from 3000 to 8000 depending on the home value and loan type. All costs are disclosed before you sign.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Minnesota.